Shares of AppLovin Corporation APP surged in today’s pre-market trading after the company exceeded analyst expectations with its fourth-quarter financial results.
AppLovin reported quarterly earnings of 49 cents per share, surpassing the analyst consensus estimate of 36 cents. Additionally, the company’s quarterly sales of $953.26 million outperformed the analyst consensus estimate of $928.17 million.
The market responded positively, driving AppLovin shares up by 22.3% to $57.30 in pre-market trading.
Here are some other stocks making significant moves in pre-market trading.
Movers and Shakers
- China Natural Resources, Inc. CHNR experienced a 409% surge to $5.60 in pre-market trading after a 10% gain on Wednesday.
- Meihua International Medical Technologies Co., Ltd. MHUA saw its shares jump 70.2% to $1.89 in pre-market trading following a 19% surge on Wednesday.
- SoundHound AI, Inc. SOUN gained 69.8% to $3.83 in pre-market trading, buoyed by a 5.6% passive stake reported by BlackRock and trading activity related to Nvidia’s disclosed positions in several companies, including SoundHound AI.
- Nano-X Imaging Ltd. NNOX experienced a 46.2% rise to $9.30 in pre-market trading, possibly fueled by a 59,632 share stake reported by Nvidia.
- Roma Green Finance Limited ROMA shares surged 38% to $1.49 in pre-market trading after a 6% slump on Wednesday.
- Dunxin Financial Holdings Limited DXF saw its shares gain 34.2% to $0.49 in pre-market trading after a 5% increase on Wednesday.
- Greenpro Capital Corp. GRNQ witnessed a 24.3% rise to $1.74 in pre-market trading after a 23% gain on Wednesday.
- JFrog Ltd. FROG experienced a 22.1% increase to $44.92 in pre-market trading following better-than-expected fourth-quarter financial results and optimistic first-quarter adjusted EPS and revenue guidance.
- Informatica Inc. INFA saw its shares gain 17.3% to $35.34 in pre-market trading after announcing better-than-expected fourth-quarter financial results.
Underperformers
- Treasure Global Inc. TGL shares plummeted 40.4% to $0.0945 in pre-market trading following second-quarter results.
- Cineverse Corp. CNVS witnessed a 31.9% decline to $1.60 in pre-market trading after reporting weaker-than-expected third-quarter financial results.
- Upexi, Inc. UPXI saw its shares drop 29.5% to $0.9724 in pre-market trading following disappointing quarterly results.
- Nu Skin Enterprises, Inc. NUS experienced a 24% decrease to $13.25 in pre-market trading after reporting fourth-quarter financial results.
- Fastly, Inc. FSLY witnessed a 23.1% tumble to $18.10 in pre-market trading after reporting mixed fourth-quarter financial results.
- enGene Holdings Inc. ENGN saw its shares fall 13.3% to $14.30 in pre-market trading, despite a previous 116% jump after announcing an oversubscribed $200 million private placement financing.
- Herbalife Ltd. HLF witnessed a 12.3% decline to $10.30 in pre-market trading following weak quarterly earnings.
- Twilio Inc. TWLO experienced a 12.1% drop to $63.51 in pre-market trading after reporting fourth-quarter financial results.
- Telomir Pharmaceuticals, Inc. TELO shares fell 10.7% to $10.64 in pre-market trading after seeing a 70% surge on Wednesday.
- Cisco Systems, Inc. CSCO fell 5.2% to $47.67 in pre-market trading following second-quarter results.
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